Happy Belated New Year, everybody! As the Worldwide Epidemic Decreased, so did my portfolio, and probably yours. You are not alone. But there were many more positives in 2022 than negatives. January 1st 2023, Sunday morning, 5:12 AM Before I comment on my portfolio and how it reflected this past terrible …
Steve’s 2022 Annual Portfolio Report, Commentary and Uncertainty Read More »
LAUSD Retirement Investment Advisory Committee (RAIC) Below is a letter to the subcommittee of RAIC. This committee is charged with advising the chief financial officer or any changes that need to be made with LAUSD 457(b) retirement plan. This plan won a Plan Design award in 2014, but every five or six years, this …
Los Angeles Unified 457(b) Advisory Committee Training Suggestions Read More »
Bloodbath? Maybe or Maybe Not. Dear Readers, What can I report? Just look at the sea of red. Needless to say, in the short term, the bond and the stock markets exposed my portfolio to a bloodbath! The usual events are that stocks decline and fixed income sometimes decreases or increases. Sometimes international stocks perform …
Bloodbath! Year-to-Date 2022 Steve’s Portfolio Report Read More »
Reviewed by Steve I liked the book because it focused on Munger’s childhood, his parents, grandparents, private and public life, and how his background and education explained his financial and money philosophy, the outcome of his investing history, and his overall celebrated life. The extremely wealthy and talented people can experience things that we ordinaries …
Steve’s Book Review “Damn Right!” About Charlie Munger Read More »
Hi friends, family, and former teacher colleagues, That time of the year again, halfway through a very rocky stock market year. I have been through three prior stock market corrections, crashes, or bear markets since 2000. I only share my portfolio for two reasons: to show you how a low-cost, diversified, passive strategy portfolio follows …
Uncertainty and Market Crashes Are the prices of my major holdings at pre-covid levels? Not yet but it is close. This post is about my thinking on this market crash today, June 10th, 2022 Since the pandemic started 2.5 years ago, I have had my ear to the so-called stock and bond market outlook on …
Market is Crashing. Time to Allocate Cash Into Stocks Index Funds Read More »
Hi Friends, It’s June and graduation time. I know a very bright high school graduate that will be attending college to major in finance. Since I know something about the industry through my extensive reading and as an ordinary investor, I wrote the following graduation message to him. Hope you enjoy it, Steve Late Bloomer …
Fiduciary or “Plastics”: Words of Wisdom for the “The Graduate” Read More »
Hi everybody! Every three months, the publicly traded companies release a report. These companies offer stocks for sale after approval by the Securities and Exchange Commission (SEC), and must report a detailed account of their balance sheet, earnings, profits (or losses), and other pertinent information. After all, individual investors, mutual funds, institutions such as foundations, …
Hi Everybody, COVID! I am so sick and tired of COVID 19, Delta, and now Omicron. When does this crap stop?! Yeah, this hit us all hard as our lives have been turned around every which way. I am so sorry I have not kept up with my communication with you. So here goes with …
Revising and Updating my 2013 Late Bloomer Millionaires book. Hi Readers, I will be publishing Introduction to the 2nd Edison of my first book, Late Bloomer Millionaires, published nine years ago. I am requesting you to read this short introduction and provide some feedback. I am doing this because the Introduction to any book is …